Philippines Wealth Management Forum 2019 - Highlights - Edison Tsai

Edison Tsai

Partner & Executive Director

SeedIn Technology

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Read the transcript here

  • 1. What are the challenges and opportunities for the industry?

    The opportunities and challenges in the wealth management industry is the fact that we are, as a crowd-funding platform, here to help re-distribute the wealth. For example for the Philippines, with 107 million population, about 15% are bank account holders, with an average savings of USD500 per month. They're able to save that amount, but they are not so sure what investments to put in. That is where we come in, because through our crowd-funding platform, they are able to yield an average of 7% to 14% per annum return.